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Hong Kong market watchdog fines Citi USD45M for equities misconduct

CNA – Hong Kong’s market regulator has fined a Citigroup subsidiary HKD348.25 million (USD45 million) for misconduct in its cash equities business and is launching disciplinary proceedings against some former senior managers at the bank. The Securities and Futures Commission (SFC) said yesterday that some of Citigroup Global Markets Asia Limited’s (CGMAL) trading desks had
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